
Capitalize on your property while continuing to live there
Real estate annuities are a form of financial security in old age whereby property owners sell their property but retain a lifelong right of residence or usufruct. In return, they receive either a one-time payment, a monthly pension, or a combination of both. This solution offers financial flexibility without having to give up one's familiar living environment.
What models of real estate retirement are available?
There are various models of real estate retirement that can be tailored to the individual needs and circumstances of the owner:
- Life annuity
With a life annuity, the owner sells their property and receives a monthly pension in return. This pension is paid either for life or for a specific period of time. - Partial sale
In a partial sale, only part of the property is sold, while the owner continues to live in it and retains control over the property. In return, the seller receives a one-time payment. This option is suitable for people who need a larger amount of money immediately without giving up the entire property. - Reverse mortgage
With a reverse mortgage, the owner takes out a loan secured by the property. The loan is paid out in the form of a monthly pension or a lump sum. The loan is usually repaid after the owner's death or when the property is sold.
What should be considered before taking out a reverse mortgage?
Before you decide on a property pension, you should obtain comprehensive information and seek legal advice. An independent real estate agent or a specialist real estate lawyer can help you weigh up the advantages and disadvantages of the various models and find the right offer for you.
Conclusion: Real estate retirement as a flexible form of retirement provision
A real estate pension is an interesting option for gaining financial security in old age without having to leave your beloved home. Especially in times of rising living costs, it can be a valuable opportunity to enjoy a more carefree retirement.
If you are interested in real estate retirement, we are happy to assist you as experienced real estate agents. Together, we will find the right solution for you and help you get the most out of your property. Arrange a non-binding consultation today!
Are you looking for the right solution for your property? Contact us! We will be happy to advise you.
Note
For reasons of better readability, the generic masculine form is used in this text. Female and other gender identities are expressly included insofar as this is necessary for the statement.
Legal notice: This article does not constitute tax or legal advice in individual cases. Please have the facts of your specific case clarified by a lawyer and/or tax advisor.
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